The Institute of Chartered Accountants of Nigeria (ICAN), has admonished the Federal Government on the need to revive the culture of saving at least a 0.5 per cent of the gross income from oil operations.
This appeal was part of the recommendations of its 46 Annual Accountants’ Conference Communiqué given to newsmen by the 52nd President of the institute, Deacon Titus Seotan, in Lagos.
Seotan said it was never too late to start saving, as it would help to protect the local […]
Nigeria’s constitution does not make a provision for government savings and lawyers yesterday failed to agree on whether it was enough reason for the country’s failure to save for its future.
Going by Section 162 of the 1999 Constitution as amended, reckless government expenditures cannot be adequately blamed on former leaders, Bolaji Akinyemi, a professor of political science and Nigeria’s former external affairs minister said in a statement.
“It is thoroughly misleading to isolate and demonise past regimes for the situation where […]
According to reports, the Federal Government, at the weekend, disclosed that on completion, Dangote Refinery, which is estimated to cost $12 billion, would enable Nigeria save over $7.5 billion from foreign exchange (Forex) on import substitution of petroleum products and realise over $5.5 billion on Forex earnings from exports per annum. That is the nation would make yearly gains of over $13 billion.
Prof. Yemi Osinbajo, the Vice President, disclosed this during his tour of the Dangote Refinery located at the […]
According to reports, this young girl by name Jessica from Uganda decided to end her life after finding out that people she had trusted with her money -betrayed her. The said girl used to work in another country and send her savings to her people -only for her to discover on her return that the money had been squandered.
She hanged herself due to the heartbreak and also left a note as seen below.. This tragedy happened last month in Uganda……